ISET-PI and GET have predicted the potential for Georgia to specialize in the production of energy-intensive goods such as: Aluminum (unwrought, bars and rods, foil), Zinc (Unwrought), and Fertilizer mixtures.
Primarily, the analysis of Georgia’s current situation showed that there is no significant production in energy-intensive goods, except nitrogenous fertilizers. Georgia has no proven reserves of bauxite and zinc ore. However, the country does have access to large export markets in Europe, CIS, and Asia.
For the analysis of Georgia’s competitive potential, the team concentrated on three main factors: An analysis of Electricity prices that showed very competitive conditions and the potential for a cost-effective energy supply. Additionally, research regarding the domestic availability of natural resources showed a minimal utilization level of Georgia’s hydropower potential – around 18% of potential output. Finally, with regard to transport prices for imports and exports: Port infrastructure is insufficient and the status of Georgia’s ongoing deep-sea port project is not yet fully ascertainable.
Since September 2014, the ISET Policy Institute has been working with the German Economic Team (GET). In May 2015 ISET-PI and GET extended their partnership and began working on a variety of policy briefs for Georgia's industrial development. These briefs will simultaneously advance research in the sector and provide the Georgian government a set of guidelines for the development of its own policy, exploring where Georgia's comparative advantages lie. The German Economic Team is a consulting group that provides advisory services to the Georgian government on economic policy and is supported by the German Federal Ministry for Economic Affairs and Energy.